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One of Australia’s big four banks has shown its resilience during the pandemic, so what is Westpac’s profit?
The big four Australian bank posted a 256 per cent increase in profit over the previous year.
Westpac posted half year cash earnings of $3.54 billion.
The bank announced an interim dividend of 58 cents per share.
Westpac last week flagged that $282m in significant items would be included in the half-year result – for customer refunds and litigation.
ANZ releases its half year result on Wednesday, followed by NAB on Thursday.
The results beat predictions by analysts – they had tipped cash earnings of $3.34bn for Westpac, more than triple the interim profit it handed down a year ago.
